10-Q Filing

CITI TRENDS INC CIK: 1318484 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-009650`
Period End Date	20181031
Filing Date	20181210
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	ctrn-20181103.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 67 Cash Flow Statement 68

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$229.70K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$242.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$34.87M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.45M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	32.00M	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.38M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.25M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.83M	shares	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$31.50M	USD	Point-in-time
Short-term investment securities	`ShortTermInvestments`	$42.94M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	15.78M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.93M	shares	Point-in-time
Inventory	`InventoryNet`	$137.70M	USD	Point-in-time
Inventory	`InventoryNet`	$139.70M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.74M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.03M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.28M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.69M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$233.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$226.30M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $241,997 and $229,699 as of November 3, 2018 and February 3, 2018, respectively	`PropertyPlantAndEquipmentNet`	$61.78M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $241,997 and $229,699 as of November 3, 2018 and February 3, 2018, respectively	`PropertyPlantAndEquipmentNet`	$55.64M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$25.45M	USD	Point-in-time
Long-term investment securities	`LongTermInvestments`	$10.32M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.78M	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$7.22M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$720.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$725.00K	USD	Point-in-time
Total assets	`Assets`	$300.21M	USD	Point-in-time
Total assets	`Assets`	$327.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$75.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.34M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$13.76M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$14.74M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$17.01M	USD	Point-in-time
Accrued compensation	`AccruedEmployeeBenefitsCurrent`	$11.09M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$19.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$1.92M	USD	Point-in-time
Layaway deposits	`ContractWithCustomerLiability`	$2.09M	USD	Point-in-time
Layaway deposits	`ContractWithCustomerLiability`	$532.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$96.28M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.43M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$104.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$117.60M	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,828,170 shares issued as of November 3, 2018 and 15,777,946 shares issued as of February 3, 2018; 12,927,252 shares outstanding as of November 3, 2018 and 13,743,776 shares outstanding as of February 3, 2018	`CommonStockValue`	$157.00K	USD	Point-in-time
Common stock, $0.01 par value. Authorized 32,000,000 shares; 15,828,170 shares issued as of November 3, 2018 and 15,777,946 shares issued as of February 3, 2018; 12,927,252 shares outstanding as of November 3, 2018 and 13,743,776 shares outstanding as of February 3, 2018	`CommonStockValue`	$156.00K	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$90.61M	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$91.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$169.76M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$158.93M	USD	Point-in-time
Treasury stock, at cost; 2,900,918 shares held as of November 3, 2018 and 2,034,170 shares held as of February 3, 2018	`TreasuryStockValue`	$40.22M	USD	Point-in-time
Treasury stock, at cost; 2,900,918 shares held as of November 3, 2018 and 2,034,170 shares held as of February 3, 2018	`TreasuryStockValue`	$65.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$209.47M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$195.92M	USD	Point-in-time
Commitments and contingencies (note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$327.07M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$300.21M	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$175.36M	USD	1 Quarter
Net sales	`Revenues`	$543.10M	USD	3 Qtrs
Net sales	`Revenues`	$568.39M	USD	3 Qtrs
Net sales	`Revenues`	$176.94M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$350.23M	USD	3 Qtrs
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$334.66M	USD	3 Qtrs
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$110.09M	USD	1 Quarter
Cost of sales (exclusive of depreciation shown separately below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$110.42M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.12M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$186.48M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.19M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$181.44M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.60M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$13.86M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.98M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$14.25M	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$180.00K	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$77.00K	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$1.12M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$13.06M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$-1.02M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$16.31M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$755.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$216.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$617.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$321.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$979.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$112.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$38.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$114.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$39.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.56M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.18M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$933.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-743.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.24M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$3.15M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-237.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$286.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-506.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$647.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.33M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$14.03M	USD	3 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$0.66	USD	3 Qtrs
Basic net income per common share	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$1.06	USD	3 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$1.06	USD	3 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.65	USD	3 Qtrs
Diluted net income per common share	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.22M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	13.56M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.22M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.78M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.27M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.61M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.27M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.78M	shares	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	Point-in-time
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	Point-in-time
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	Point-in-time
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	Point-in-time
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.22	USD	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.24	USD	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$9.33M	USD	3 Qtrs
Net income	`ProfitLoss`	$14.03M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.60M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$13.86M	USD	3 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$4.98M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$14.25M	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$180.00K	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$77.00K	USD	3 Qtrs
Asset impairment	`AssetImpairmentCharges`	$1.12M	USD	3 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-76.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.06M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.45M	USD	3 Qtrs
Insurance proceeds related to operating activities	`InsuranceProceedsFromOperatingActivities`	$1.19M	USD	3 Qtrs
Insurance proceeds related to operating activities	`InsuranceProceedsFromOperatingActivities`	$475.00K	USD	3 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$1.69M	USD	3 Qtrs
Noncash stock-based compensation expense	`ShareBasedCompensation`	$1.19M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$2.19M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-508.00K	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.82M	USD	3 Qtrs
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-127.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.40M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.63M	USD	3 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-743.00K	USD	3 Qtrs
Accrued expenses and other long-term liabilities	`IncreaseDecreaseInAccruedLiabilities`	$77.00K	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-5.92M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$5.16M	USD	3 Qtrs
Income tax payable/receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$510.00K	USD	3 Qtrs
Income tax payable/receivable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.90M	USD	3 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.55M	USD	3 Qtrs
Layaway deposits	`IncreaseDecreaseInCustomerAdvances`	$1.44M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.31M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$24.36M	USD	3 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$37.76M	USD	3 Qtrs
Sales/redemptions of investment securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$17.31M	USD	3 Qtrs
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$13.62M	USD	3 Qtrs
Purchases of investment securities	`PaymentsToAcquireMarketableSecurities`	$29.46M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$18.39M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$9.01M	USD	3 Qtrs
Insurance proceeds related to investing activities	`InsuranceProceedsFromInvestingActivities`	$195.00K	USD	3 Qtrs
Insurance proceeds related to investing activities	`InsuranceProceedsFromInvestingActivities`	$443.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.64M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.12M	USD	3 Qtrs
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$921.00K	USD	3 Qtrs
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.04M	USD	3 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$3.19M	USD	3 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$3.15M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$25.03M	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$25.04M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.26M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.10M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-20.07M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.39M	USD	3 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$34.87M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.45M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.38M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.25M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$34.87M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.45M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$28.38M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.25M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$95.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$95.00K	USD	3 Qtrs
Cash payments of income taxes	`IncomeTaxesPaidNet`	$2.67M	USD	3 Qtrs
Cash payments of income taxes	`IncomeTaxesPaidNet`	$6.49M	USD	3 Qtrs
Accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$500.00K	USD	3 Qtrs
Accrual for purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$289.00K	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.